Answered

Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

Identify whether each of the following statements identifies a microeconomic issue or a macroeconomic issue.

a. Mika negotiates a long-term contract for capital equipment for her property management business.
b. Inflation was fueled by an increase in rent and energy prices.
c. The unemployment rate has decreased for the second consecutive quarter.

Sagot :

WEBX

Answer:

a. Mika negotiates a long-term contract for capital equipment for her property management business.

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

a. Mika negotiates a long-term contract for capital equipment for her property management business. Thus it is a Microeconomic issue

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.